Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

This Little-Known Cryptocurrency Is Up 217% for the Year. But Is It a Buy?

Key PointsZcash is up 90% over the past 30 days and 217% for the year.

Zcash (ZEC) has experienced remarkable growth this year, with a 217% increase year-to-date and a 90% surge over the past month. While these numbers are impressive, it's important to consider the coin's long-term performance. Launched in October 2016, Zcash's price has largely remained stagnant until recently, with the past year marking the first significant upward trend. Given this context, investors should weigh the coin's recent performance against its historical stability before deciding whether to invest in Zcash.

Brief written by urgent.news from Motley Fool's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at nasdaq.com →

More in Finance & Markets

More from Saturday 26 September →